When you import transactions or connect a bank's feed into bookkeeping, 17hats automatically suggests categories for bank transactions. Initial suggestions depend on your bank institutions, however as you manually categorize your transactions, 17hats will learn and remember your selections so that it is automatically suggested the next time!
REMEMBER: Categorize your Deposits from Stripe, Paypal, and Authorize as "Transfer between accounts" (Why?)
Categories will auto populate if 17hats recognizes them. All you need to do is verify.
Disclaimer: 17hats does not provide tax or financial advice. This article is prepared for informational and instructional uses only. Please consult with your own accounting advisors.
KeywordSearch: Categorizing Transactions,